Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 20,607 $ 21,645
Restricted cash 12,299 16,236
Accounts receivable, net 85,354 73,372
Accounts receivable retainage, net 17,465 21,454
Costs and estimated earnings in excess of billings 56,914 88,334
Inventory, net 12,104 13,223
Prepaid expenses and other current assets 11,732 11,745
Income tax receivable 406 2,151
Project development costs 9,180 15,538
Total current assets 226,061 263,698
Federal ESPC receivable 158,209 125,804
Property and equipment, net 5,018 5,328
Project assets, net 319,758 244,309
Goodwill 57,976 59,085
Intangible assets, net 3,931 6,770
Other assets 26,328 18,446
Total assets 797,281 723,440
Current liabilities:    
Current portions of long-term debt and capital lease liabilities 19,292 13,427
Accounts payable 126,583 114,759
Accrued expenses and other current liabilities 22,763 21,983
Billings in excess of cost and estimated earnings 21,189 28,744
Income taxes payable 775 810
Total current liabilities 190,602 179,723
Long-term debt and capital lease liabilities, less current portions and net of deferred financing fees 140,593 100,490
Federal ESPC liabilities 133,003 122,040
Deferred income taxes, net 9,037 6,143
Deferred grant income 7,739 8,291
Other liabilities 15,154 18,854
Commitments and contingencies
Redeemable non-controlling interest 6,847 490
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2016 and 2015 0 0
Additional paid-in capital 112,926 110,311
Retained earnings 194,353 182,321
Accumulated other comprehensive loss, net (6,591) (5,228)
Less - treasury stock, at cost, 1,298,418 shares at December 31, 2016 (6,387) 0
Total equity 294,306 287,409
Total liabilities, redeemable non-controlling interest and equity 797,281 723,440
Class A Common Stock    
Stockholders’ equity:    
Common stock 3 3
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 2 $ 2